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Wells Fargo Sticks to Its Buy Rating for QXO Inc (QXO)

Tipranks - Tipranks - Sat Jan 17, 8:32AM CST

In a report released today, Sam Reid from Wells Fargo maintained a Buy rating on QXO Inc, with a price target of $30.00.

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Reid covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, Toll Brothers, and Mohawk. According to TipRanks, Reid has an average return of 7.8% and a 62.16% success rate on recommended stocks.

In addition to Wells Fargo, QXO Inc also received a Buy from TipRanks – Google’s Google Industrial – Distribution in a report issued today. However, on the same day, TipRanks – xAI reiterated a Hold rating on QXO Inc (NYSE: QXO).

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Based on QXO Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.73 billion and a GAAP net loss of $139.4 million. In comparison, last year the company earned a revenue of $13.16 million and had a net profit of $17.2 million

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